Team Leaving

30
0
 Team Leaving  Links1
 Team Leaving
Well, it appears that $75 million is the magic number. The City of Seattle accepted a cash payout of $75 million from the PBC to allow the Sonics to leave their home of 41 years and move to Oklahoma City. That amount may or may not be repaid by Clay Bennett, et al if the city were to receive another team in the Sonics' stead. As you would imagine, more to come. [link]

Tags:

Comments

Links (1)

A touching farewell to the Seattle Sonics
Published 7/4/2008 by mookie (noreply@blogger.com) at a stern warning
... Unfortunately for the Sonics fans of Seattle, their team is officially gone now. A court settlement between the new ownership group (fronted by Clay Bennett) and the City of Seattle has named the price of $75m as the quantification of the passion of a loyal following of fans.

Related: seattle supersonics team name for 2008-2009 season

Related Blog Posts
OK C YA Seattle; Sonics Will Move For 2008-2009 Campaign
The “ Associated Press ” reported Wednesday that the end of an era took place in the city of Seattle as the team formerly known as the SuperSonics will be moving to Oklahoma City for the 2008-2009 season. A settlement was reached that will pay the city of Seattle possibly as much $75 million will allow the team to terminate it’s lease immediately. The deal will allow the ...
Related News Articles
Quick action needed if Seattle wants new team
With the SuperSonics on their way out, Seattle needs to act fast if it wants a new NBA team soon. Commissioner David Stern sent the city a warning Wednesday, saying officials have less than 18 months to come up with a funding plan for a KeyArena ...